Capital Fund Management S.A. acquired a new position in CoreSite Realty Corp (NYSE:COR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,100 shares of the real estate investment trust’s stock, valued at approximately $1,264,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Daiwa Securities Group Inc. raised its position in CoreSite Realty by 14.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,900 shares of the real estate investment trust’s stock worth $444,000 after purchasing an additional 500 shares during the period. Whittier Trust Co. raised its position in CoreSite Realty by 1.4% in the 3rd quarter. Whittier Trust Co. now owns 38,953 shares of the real estate investment trust’s stock worth $4,359,000 after purchasing an additional 551 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in CoreSite Realty by 43.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,960 shares of the real estate investment trust’s stock worth $223,000 after purchasing an additional 596 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in CoreSite Realty by 7.0% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,407 shares of the real estate investment trust’s stock worth $1,053,000 after purchasing an additional 616 shares during the period. Finally, US Bancorp DE raised its position in CoreSite Realty by 41.2% in the 4th quarter. US Bancorp DE now owns 2,257 shares of the real estate investment trust’s stock worth $257,000 after purchasing an additional 658 shares during the period. 98.31% of the stock is currently owned by institutional investors.
CoreSite Realty Corp (COR) opened at $94.77 on Wednesday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.27 and a current ratio of 0.27. CoreSite Realty Corp has a one year low of $85.57 and a one year high of $120.85. The stock has a market cap of $3,296.25, a P/E ratio of 21.34, a PEG ratio of 1.13 and a beta of 0.33.
In other news, SVP Steven James Smith sold 3,151 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $106.52, for a total transaction of $335,644.52. Following the transaction, the senior vice president now directly owns 42,915 shares in the company, valued at $4,571,305.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have bought 193,000 shares of company stock worth $68,330 and have sold 12,533 shares worth $1,379,689. 1.50% of the stock is currently owned by company insiders.
A number of analysts recently weighed in on the stock. ValuEngine raised shares of CoreSite Realty from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Credit Suisse Group dropped their target price on shares of CoreSite Realty from $111.00 to $107.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. TheStreet downgraded shares of CoreSite Realty from a “b-” rating to a “c+” rating in a research note on Friday, February 9th. Royal Bank of Canada restated an “outperform” rating and issued a $113.00 target price on shares of CoreSite Realty in a research note on Monday, February 12th. Finally, SunTrust Banks restated a “buy” rating and issued a $121.00 target price on shares of CoreSite Realty in a research note on Friday, November 17th. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $113.00.
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CoreSite Realty Profile
CoreSite Realty Corporation (CoreSite) is an integrated, self-administered and self-managed real estate investment trust. The Company, through its controlling interest in CoreSite, L.P., is engaged in the business of ownership, acquisition, construction and operation of data centers across a range of markets in the United States, including the Northern Virginia, New York and San Francisco Bay areas, Chicago, Los Angeles, Boston, Miami and Denver.
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